Showing posts with label food crisis. Show all posts
Showing posts with label food crisis. Show all posts

Tuesday, July 1, 2008

Oil Price Hike Brings Fears on Food Crisis



The alarming oil price hike has definitely created tension on food crisis, as it recorded a new record nearing to $141 per barrel. If an ordinary citizen cannot anymore afford to bear the current oil price, how much more of the food he eats? What does OPEC do to resolve this problem?



The energy markets have been seriously rattled by comments from a top Pentagon official warning that Tel Aviv may launch raids on Iran's Natanz nuclear facilities to pre-empt its acquisition of Russian air-defence missiles.

The source told ABC News that Israel would not wait until the Ahmadinejad regime had accumulated enough enriched plutonium to make a bomb. "The red line is not when they get to that point, but before they get to that point," he said.

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